Please enable JavaScript.
Coggle requires JavaScript to display documents.
Varieties of Capitalism, Reading 5: Peter Hall, David Soskice „An…
Varieties of Capitalism
-
-
LMEs
-
-
the actors adjust their willingness to supply and demand goods or services on the basis of the marginal calculations stressed by neo-classical economics
-
CMEs
firms depend more heavily on non-market relationships to coordinate their endeavors with other actors and to construct their core competencies
the exchange of private information inside networks, and more reliance on collaborative, as opposed to competitive, relationships to build the competencies of the firm
-
-
-
-
Innovations
radical innovation
the development of entirely-new goods or substantial shifts in product lines and ways of producing them
-
Incremental innovation
-
-
the problem is to
maintain the high quality of an established product line, to devise incremental improvements to it that attract consumer loyalty
VOC importance
the principal problem facing policy-makers is one of inducing economic actors to coordinate more effectively with each other.
When firms coordinate more effectively, their performance will be better, and the result will be better overall economic performance.
Social policy is often tantamount to labor-market policy, but the contributors to this volume look well beyond its effects policy on labor costs or the reservation wage
What states cannot secure domestically because of political resistance or transnational externalities, they often seek in negotiations about the development of international regimes
Reading 5: Peter Hall, David Soskice „An introduction to varieties of capitalism“
-